Tips to buy Gold on Dhanteras

Tips to buy Gold on Dhanteras

It’s a fact that we Indians just love this yellow metal. We cannot escape from the glitter of gold and Dhanteras is a good excuse for shopping for more gold without any second thought. Here are few tips for you before you shell out money on this precious yellow metal.

The celebration of Diwali festival begins with Dhanteras, people buy gold, silver, automobile, utensils, property and other precious goods. This year we are celebrating Dhanteras today i.e. on 5th November.

What is Dhanteras

The word “Dhanteras” is made up of two words - Dhan and Teras. Dhan means wealth, and Teras means the13th day. Dhanteras falls on the 13th lunar day of the Ashwin month as per Hindu calendar.

According to the Hindu tradition, Lakshmi the goddess of wealth and Ganesha the god of knowledge are worshipped on this day. It is believed that on this day, Goddess Lakshmi came out from the ocean of milk during the churning of the Sea, which is also known as "Samundra Manthan". Kuber the god of wealth is also worshipped on this auspicious day.

Tips to buy Gold

• Buy gold with BIS Hallmark to be assured of its purity. Always try to buy the gold with certification of 22-carat purity
• Explore the market for the best price deals. Discount offers available on the price, making charges and wastage altogether should make your deal profitable
• If you are planning to buy it from a jeweller, purchase it from a reputed outlet, with credibility and good track-record
• Ensure that you take a bill. Without a bill, it will be difficult for you later in case you want to sell or exchange the jewellery
• You can consider gold for long-term investments. Gold prices are bare to global events and might face volatility in short-term

May this Dhanteras celebration endow you with health, wealth and prosperity!